Dr Page Lay Date Revie & Calb A Cipised Question 4 (10 marks) 2 D 1ndentify the net effect of independent transactions 0) theagh (v) on assets a 4 shareholders' equity and net income Write Increase, Decrease or indicate no change by NC 6ample 7 Assets Liabilities Shareholders Equity Net Income Interest accrued on notes payable was 5500 NC 10 11 Required 12 0 14 15) Received 5800 from a customer for an outstanding invoice Purchased a delivery van by obtaining S60,000, 2-year, 6% note payable from the vendor interest accrued on the te payable was $3,000 (yet) Answer invested an additional $25,000 cash in the company in return for shares Received $200 cash from a customer for goods sold 17 18 19 2 25 22 ' Your Answer M Assets Normal Red CheckCall Shareholders Equity Good Income a MyA